Monthly Archives: June 2014

EIB and Banca March provide a further EUR 400 million for financing SMEs and midcaps

The European Investment Bank (EIB) has granted a EUR 200 million loan to Banca March for financing the investment projects of SMEs and midcaps, mainly in the industrial and service sectors. A total of EUR 400 million will be pumped … Continue reading

Posted in General | Tagged , , , , , , , , , , , , | Comments Off

State aid: Commission adopts new rules for State Aids in Agriculture, Forestry and Rural Areas

The European Commission has today set out revised and updated criteria under which Member States can support agriculture, forestry and rural areas, in line with EU state aid rules. This is part of the Commission’s State Aid Modernisation (SAM) initiative, … Continue reading

Posted in Agriculture Sector | Tagged , , , , , , , , , , , , , , | Comments Off

Employment: Commission proposes €6 million from Globalisation Fund to support jobs following bakery closure in Greece

The European Commission has proposed to provide Greece with €6 million from the European Globalisation Adjustment Fund (EGF) to help 508 former workers of the bakery manufacturer Nutriart and its providers and downstream producers to find new jobs, as well … Continue reading

Posted in General | Tagged , , , , , , , , , , , , | Comments Off

Environment: €239 million available in 2014 for project proposals

The European Commission has launched the first call for proposals under the LIFE funding programme for projects dedicated to environment. The LIFE sub-programme for environment will provide €238.86 million in 2014 to develop and implement innovative ways to respond to … Continue reading

Posted in General | Tagged , , , , , , , , , , , , | Comments Off

Antitrust: Commission fines three producers of canned mushrooms € 32 million in cartel settlement

The European Commission has found that Lutèce, Prochamp and Bonduelle participated in a cartel to coordinate prices and allocate customers of canned mushrooms in Europe during more than a year and has imposed fines totalling € 32 225 000. Lutèce … Continue reading

Posted in General | Tagged , , , , , , , , , , , , , , | Comments Off

State aid: Commission approves €400 million aid to STMicroelectronics for the Nano2017 research programme

The European Commission has decided that aid by France to STMicroelectronics (ST) for the development of new technologies in the nanoelectronics sector is in line with EU rules on state aid. It believes the project will help to achieve EU … Continue reading

Posted in General | Tagged , , , , , , , , , , , , | Comments Off

The EU Danube Strategy: improving the economic potential of the river, protecting the environment

We are here in the margins of the 3rd Forum of the EU Strategy for the Danube Region to review progress in one of the most important areas of the Action Plan. I am glad to have this opportunity, because … Continue reading

Posted in General | Tagged , , , , , , , , , , , , , | Comments Off

Ukraine: €500 million of EU Macro-Financial Assistance disbursed

The European Commission, on behalf of the EU, today disbursed €500 million to Ukraine, the first loan tranche from the new EU Macro-Financial Assistance (MFA II) programme for the country. This follows a disbursement of €100 million on 20 May … Continue reading

Posted in Finance Investments EU | Tagged , , , , , , , , , , | Comments Off

Climate: €44 million available under first call for climate action projects

The European Commission today launched the first call for proposals under a new funding programme for projects dedicated to climate action. The LIFE Climate Action sub-programme will provide €44.26 million in 2014 to develop and implement innovative ways to respond … Continue reading

Posted in General | Tagged , , , , , , , , , , , , , | Comments Off

Sport as a growth engine for EU economy

Sport is an important economic sector in the EU in its own right, with a share in the national economies which is comparable to agriculture, forestry and fisheries combined. Moreover, its share is expected to rise in the future. Overall … Continue reading

Posted in General | Tagged , , , , , , , , , , , , | Comments Off